WASHINGTON (dpa-AFX) - Otis Worldwide Corp (OTIS) released a profit for second quarter that Decreased from last year but beat the Street estimates.
The company's bottom line came in at $393 million, or $0.99 per share. This compares with $415 million, or $1.02 per share, last year.
Excluding items, Otis Worldwide Corp reported adjusted earnings of $416 million or $1.05 per share for the period.
Analysts on average had expected the company to earn $1.03 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 0.2% to $3.595 billion from $3.601 billion last year.
Otis Worldwide Corp earnings at a glance (GAAP) :
-Earnings: $393 Mln. vs. $415 Mln. last year. -EPS: $0.99 vs. $1.02 last year. -Revenue: $3.595 Bln vs. $3.601 Bln last year.
-Guidance: Full year EPS guidance: $4.00 - $4.10 Full year revenue guidance: $14.5 - $14.6 Bln
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